Governing board requirement: information utilities must establish boards with independent members to align with insolvency code objectives. The Board may require every information utility to set up a governing board that includes such number of independent members as may be specified by regulations, to ensure the utility takes into account the objectives of the Insolvency and Bankruptcy Code; this serves as a regulatory compliance mechanism aligning information utility governance with the Code's objectives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Governing board requirement: information utilities must establish boards with independent members to align with insolvency code objectives.
The Board may require every information utility to set up a governing board that includes such number of independent members as may be specified by regulations, to ensure the utility takes into account the objectives of the Insolvency and Bankruptcy Code; this serves as a regulatory compliance mechanism aligning information utility governance with the Code's objectives.
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